Tuesday, May 12, 2009

GM death blow: Executives dump stocks; stock price plunges

...the message, loud and clear, from GM insiders is that barring a miracle -- and we don't mean something unlikely, but an actual, literal miracle -- shares of GM are going to $0. Several execs said last night that they were dumping their entire holdings at their current, undignified levels and totday the stock is tanking, down over 20%...

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